The Central Bank of Nigeria (CBN) today directed commercial banks to begin the payment of the new naira notes to customers over the counter.
This was confirmed in a statement issued and signed by the Bank’s Director, Corporate Communications Osita Nwanisobi.
Nwanisobi said the maximum daily payout limit is N20,000 naira only.
The approval for this new directive was issued by CBN Governor, Godwin Emefiele following complaints that banks were still paying old notes over the counter.

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